LAW OF THE REPUBLIC OF ARMENIA

of July 15, 2021 No. ZR-296

About entering of amendments and changes into the Law "About Anti-money Laundering and Terrorism Financing"

Accepted by National Assembly of the Republic of Armenia on June 30, 2021

Article 1. Regarding 1 article 3 of the Law of May 26, 2008 No. ZR-80 "About anti-money laundering and terrorism financing" (further - the Law):

To add 1) with Items 2.1 and 9.1 of the following content:

"2. 1) the prior crime is crime as a result of which making directly or indirectly was the property is hit or was formed;";

"9. 1) the monetary compensation is transaction which is made by means of financial institution on behalf of person making transfer to make certain amount in this or another financial organization available to the receiver of transfer irrespective of whether person making transfer and the receiver of transfer by one person is;";

2) in Item 3.1 the word "provision" shall be replaced with words "provision or collection";

Item 14 to state 3) in the following edition:

"14) the real beneficiary - physical person, from name or for benefit of which the client acts actually and (or) which actually (actually) controls the client or person, from name or for benefit of which the transaction is made or business relations are improved. The real beneficiary of the legal entity (except for trust silt of other legal forming which by the foreign legislation has no status of the legal entity) is considered the physical person which:

and. directly or indirectly owns 20 and more percent of shares (shares, shares) of this legal entity granting voting power or directly or indirectly has 20 and more percent of participation in the authorized capital of the legal entity;

. exercises real (actual) control of this legal entity other means;

is the official performing common or current directorship of activities of this legal entity century in that case when there is no physical person conforming to requirements of subitems "an" and "b" of this Item;";

Item 16 after the words "and also" to add 4) with the words "trust or";

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